Why a buzzy fund that advertised stakes in hot startups like Anthropic suddenly plunged

Shares of closed-end fund Destiny Tech100 have been whipsawed this week, reflecting the promise and peril of trying to access stocks before their IPOs.

Market Watch • May 13, 2026

Destiny Tech100 Stock Rises After SpaceX IPO Rumors

Reports indicate that SpaceX has submitted a draft IPO registration to the U.S. Securities and Exchange Commission, setting the stage for a potential June listing. According to Bloomberg, the offering could value SpaceX at more than $1.75 trillion, which would make it the largest IPO ever.

Benzinga • Apr 1, 2026

Destiny Tech100 Shares Jump 25% On SpaceX IPO Buzz

Destiny Tech100 Inc. (NYSE: DXYZ) shares are trading higher after reports that SpaceX could file for an IPO as soon as this week.

Benzinga • Mar 25, 2026

This fund has jumped 1,200% on Anthropic and SpaceX hype. Retail investors should be cautious.

Shares of the Fundrise Innovation Fund have surged as investors look to invest in private AI companies, but history suggests that these high valuations aren't tenable.

Market Watch • Mar 25, 2026

How To Buy Into The SpaceX IPO And Collect An 8.9% Dividend

Can income investors get in on the coming SpaceX IPO before the stock goes public (and ideally without overpaying?) Let's find out.

Forbes • Mar 10, 2026

Destiny Tech100 Inc. Reports Fourth Quarter 2025 Results and New Investments

NEW YORK--(BUSINESS WIRE)--Destiny Tech100 Inc. (NYSE: DXYZ) today announced financial results for the quarter ended December 31, 2025. The fund reported a net asset value (NAV) of $19.97 per share of common stock, up 76% from $11.37 per share at the end of the third quarter of 2025 and up 210% from $6.44 per share at the end of the fourth quarter of 2024. As of December 31, 2025, Destiny Tech100's investment portfolio had an aggregate fair value of approximately $434.0 million, including short.

Business Wire • Feb 11, 2026

Buy This 1 Stock Hand Over Fist Before SpaceX Goes Public This Year

SpaceX is in the headlines as the company recently acquired xAI in the largest M&A transaction in history.

24/7 Wall Street • Feb 4, 2026

This Pricey Fund Is A Meme Stock In Disguise (It Just Crashed 63%)

It never ceases to amaze me how many investors confuse investing with straight-up gambling.

Forbes • Nov 25, 2025

DXYZ: Despite Owning SpaceX And OpenAI, This Fund Is A Sell

Destiny Tech100 offers retail investors access to pre-IPO tech giants like SpaceX and OpenAI through a diversified closed-end fund. DXYZ trades at a massive premium to its NAV and sports a hefty expense ratio. Both factors will make it challenging for this fund to outperform the market. While DXYZ's unique holdings are appealing, that's not enough to overcome the drawbacks.

Seeking Alpha • Nov 24, 2025

Destiny Tech100 Inc. Reports Third Quarter 2025 Results

NEW YORK--(BUSINESS WIRE)--Destiny Tech100 Inc. (NYSE: DXYZ) today announced financial results for the quarter ended September 30, 2025. The fund reported a net asset value (NAV) of $11.37 per share of common stock, up from $6.92 per share at the end of the second quarter of 2025. As of September 30, 2025, Destiny Tech100's investment portfolio had an aggregate fair value of approximately $153.3 million, including short-term investments. The fund maintains positions in a variety of privately-he.

Business Wire • Nov 6, 2025